Saudi Arabia has approved the Gulf Arab state's first exchange-traded fund (ETF), which will be accessible to foreigners as part of efforts to open up the biggest Arab bourse.
Saudi financial firm Falcom Financial Services won approval

The Abu Dhabi Securities Exchange (ADX) is delaying its first exchange-traded fund (ETF) until the second quarter due to market conditions, its chief executive said on Tuesday.
The ADX had already delayed the launch of ETFs from the end of